Under section 108 of the Legal Profession Act (the 'LPA') and the Solicitors' Remuneration Order 2003 ('SRO'), the remuneration of a solicitor for non-contentious matters shall be the sum that is fair and reasonable having regard to all the circumstances of the case, in particular:
- the importance of the matter to the client;
- the skill, labour, specialised knowledge and responsibility involved on the part of the solicitor;
- the complexity of the matter and the difficulty or novelty of the question raised;
- where money or property is involved, the amount or value thereof;
- the time expended by the solicitor;
- the number and importance of the documents prepared or perused, without regard to length; and
- the place where, and the circumstances under which, the services or business or any part thereof are rendered or transacted.
When you sell Property, your lawyer's primary responsibility is to ensure that on completion, you are ready to deliver the title to the property free from your mortgage and CPF charge.
This requires your lawyer to liaise with your bank's and CPF Board's lawyer for payment, out of the sale proceeds, the outstanding loan amount and refund of your CPF funds sufficient to discharge the bank's mortgage and CPF charge.